#USA #Boston #Taiwan Fund #NYSE TWN #Tender Offer Policy

Taiwan Fund, Inc. Announces New Conditional Tender Offer Policy

In a significant move aimed at enhancing shareholder value, the Board of Directors of the Taiwan Fund, Inc. (NYSE: TWN) has unveiled a new conditional tender offer policy. This development was officially announced on October 20, 2025, and signals a strategic shift in how the Fund manages its shareholder returns in line with its long-term goals.

Details of the New Policy

The newly adopted policy allows the Fund to conduct a tender offer to buy back up to 25% of its outstanding shares, specifically at 98% of the net asset value (NAV). This tender offer will be contingent upon the Fund's NAV performance over a designated five-year period, concluding on December 31, 2030. A crucial aspect of this policy is its performance benchmark; the Fund aims to outperform the TAIEX Total Return Index during this timeframe. If successful, this strategy not only benefits shareholders directly but also reinforces the Fund's commitment to long-term capital appreciation.

The Board believes this policy is in the best interests of shareholders, providing them options either through profits stemming from the Fund exceeding its benchmark or via a tender offer that enhances liquidity during fluctuating market conditions.

Background on the Taiwan Fund

The Taiwan Fund is a diversified closed-end investment company with a mission to achieve long-term appreciation primarily by investing in equity securities listed on the Taiwan Stock Exchange. Its shares are traded on the New York Stock Exchange under the symbol “TWN.” Such a dual listing allows it to cater to a broader range of investors seeking exposure to Taiwan's dynamic markets.

The prior conditional offer policy is set to expire on December 31, 2025, leading to the adoption of this new framework, reflecting an ongoing commitment to adapt and respond to the investment landscape and its shareholders’ needs.

Impacts on Shareholders

The introduction of the new tender offer policy is a proactive step towards ensuring that shareholders have a reliable avenue for liquidity. As market conditions can frequently shift, the option to participate in a tender offer can provide peace of mind to investors looking for security in their investments. Additionally, by promising to provide liquidity based on performance, the Fund is encouraging future investment through trust and accountability.

The announcement has been positively received in the market, indicating investor confidence in the Fund's strategies and future performance potential.

Additional Information

For more details about the Taiwan Fund, including information on its current holdings and broader operational insights, investors and interested parties can visit the Fund's official website at www.thetaiwanfund.com or contact their investor relations team at 1-877-217-9502. The Fund's dedication to enhancing shareholder communication through transparent updates is poised to strengthen stakeholder relationships, ensuring that investors remain informed about performance metrics and future policy changes.

In conclusion, the Taiwan Fund's new conditional tender offer policy marks a significant advancement in its operational strategy aimed at benefiting its shareholders and enhancing overall market trust.